Title: Valuation of Shares and Fair Value of the Companies Listed on the Wig20: Quoted On the Warsaw Stock Exchange in Poland within 2011-2015
Abstract: This paper examines share price of the companies listed on the WIG-20 and their fair value between 2005 and 2015. Data from 2005 to 2015 were collected from the Stooq.pl (Polish portal of shares). Two hypotheses are tested: (1) value of the shares based on the market price; (2) value of the shares as the fair value of shares.